On the recordJuly 23, 2014
I thank my colleague from New Mexico for his compelling remarks about the importance of passing the Bring Jobs Home Act. I am here to echo the need to pass this critical legislation, and I am certainly pleased we had such a strong vote to end debate on this legislation. I hope we can now come to some agreement and get the same kind of support for moving the bill forward. I am an original cosponsor of this commonsense bill. As Senator Udall said, this legislation would end incentives for companies to send American jobs overseas, and it would instead encourage companies to move jobs back to the United States. Believe it or not, when a company moves jobs offshore, it can write off those expenses on its taxes. That doesn't make sense. The Bring Jobs Home Act would stop forcing taxpayers to foot the bill for companies when they ship jobs overseas. In addition, to encourage companies to move production back to the United States, the bill provides a tax credit for the costs associated with bringing jobs back home. Not only is this legislation the right thing to do, but it also comes at a critical time as our economy struggles to recover. In New Hampshire and across the country--as Senator Udall pointed out, in New Mexico with the closing of the mine and in that community--we are still feeling the effects of the great recession. Millions of Americans lost their jobs, and too many middle-class families are still struggling to make ends meet.…
Source
govinfo.gov




